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BELL OF PENNSYLVANIA TO CREATE 64,000 JOBS IN PENNSYLVANIA BY 2001

BELL OF PENNSYLVANIA TO CREATE 64,000 JOBS IN PENNSYLVANIA BY 2001
 PHILADELPHIA, July 9 /PRNewswire/ -- More than 64,000 jobs will be created in the Commonwealth of Pennsylvania by the year 2001 as a result of telephone company participation in the information services industry, according to a recently released study.
 Nationwide, participation in information services by Bell Atlantic -- parent of Bell of Pennsylvania -- and the six other Bell regional holding companies will add 1.46 million jobs and an estimated $110 billion to the total U.S. gross domestic product by the year 2001, according to the study.
 Prepared by the WEFA Group -- which was formed from the 1987 merger of two leading econometric consulting firms, Wharton Econometric Forecasting Associates and Chase Econometrics -- the study concludes that jobs will ripple across all industries and bolster the U.S. economy.
 For example, the study finds that by the year 2001, participation by the nation's seven regional Bell holding companies in information services will increase consumer spending by $71 billion and improve the U.S. trade balance by $26.5 billion.
 A wide variety of organizations support continued Bell participation in information services, including labor groups and information providers.
 Although study findings predict the U.S. work force and economy will benefit significantly, federal legislation proposed by Rep. Jack Brooks (D-Texas), would prevent the seven companies from using their research and development expertise and capital to compete in the information services market.
 Commenting on the legislation, Bill Harral, vice president for external affairs at Bell of Pennsylvania, said, "The bill is supported by special interests that want to stifle competition in the growing information services market and who choose to ignore the economic benefits of Bell Atlantic's participation in information services." Those special interests would also deprive Americans of services they want, need and could have at minimal pay-as-you-use-them rates, according to Harral.
 Supporters of the Brooks legislation -- formally known as H.R. 5096 -- have responded to the WEFA study which was prepared for the Bell Companies. But they have not directly questioned the conclusions of the study.
 /delval/
 -0- 7/9/92
 /CONTACT: Eric Rabe of Bell of Pennsylvania, 215-466-5611/ CO: Bell of Pennsylvania ST: Pennsylvania IN: TLS SU: LEG


MJ-JS -- PH024 -- 7914 07/09/92 14:30 EDT
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Publication:PR Newswire
Date:Jul 9, 1992
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